Morgan Stanley Boosts Expedia Group (NASDAQ:EXPE) Price Target to $290.00

Expedia Group (NASDAQ:EXPE) had its price objective increased by stock analysts at Morgan Stanley from $270.00 to $290.00 in a report issued on Friday, MarketBeat.com reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 28.43% from the company’s current price.

Other research analysts have also issued research reports about the stock. Robert W. Baird lifted their price target on shares of Expedia Group from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Evercore restated an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Barclays boosted their price objective on shares of Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Argus reduced their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Truist Financial increased their target price on Expedia Group from $210.00 to $252.00 and gave the stock a “hold” rating in a report on Tuesday, February 10th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $282.29.

Expedia Group Stock Down 3.0%

Shares of Expedia Group stock opened at $225.81 on Friday. The company has a market capitalization of $27.67 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day moving average of $235.95 and a two-hundred day moving average of $244.62. Expedia Group has a 1 year low of $130.01 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the business posted $2.39 EPS. Expedia Group’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in Expedia Group in the fourth quarter valued at $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $26,000. JFS Wealth Advisors LLC increased its stake in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $29,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $30,000. 90.76% of the stock is owned by institutional investors.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.